Hyundai Motor union and the company concluded a wage agreement after 111 days of negotiations. The agreement includes a monthly base salary increase of 100,000 won, performance pay of 400% + 12.7 million won, and 15 shares. It also includes agreements on new hires for technical positions, extension of retirement age, and reinstatement of previously dismissed union members. This negotiation faced difficulties for two consecutive years, including a wage bonus increase and disputes related to past union activities, leading to strikes. Due to the strike, production was halted, resulting in a delay of approximately 55,000 vehicles and an estimated sales loss of at least 2.3 trillion won.
